News coverage about Mettler-Toledo International (NYSE:MTD) has been trending somewhat positive on Friday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mettler-Toledo International earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned media stories about the medical instruments supplier an impact score of 45.1869739666411 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Critical Survey: Mettler-Toledo International (MTD) and EXFO (EXFO) (americanbankingnews.com)
- Mettler-Toledo International, Inc. (MTD) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- Mettler-Toledo International (MTD) versus Its Competitors Financial Comparison (americanbankingnews.com)
- Critical Comparison: Mettler-Toledo International (MTD) versus Image Sensing Systems (ISNS) (americanbankingnews.com)
- Mettler-Toledo International, Inc. (MTD) Director Thomas P. Salice Sells 890 Shares (americanbankingnews.com)
Mettler-Toledo International (MTD) traded up 0.19% during mid-day trading on Friday, reaching $626.00. 217,403 shares of the company were exchanged. Mettler-Toledo International has a 12-month low of $393.77 and a 12-month high of $629.63. The company’s 50 day moving average price is $591.46 and its 200-day moving average price is $553.09. The stock has a market capitalization of $16.07 billion, a price-to-earnings ratio of 38.49 and a beta of 1.11.
Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, July 27th. The medical instruments supplier reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.89 by $0.03. Mettler-Toledo International had a net margin of 16.60% and a return on equity of 95.28%. The firm had revenue of $653.70 million for the quarter, compared to analysts’ expectations of $646.68 million. During the same quarter last year, the business earned $3.22 earnings per share. The business’s revenue was up 7.5% on a year-over-year basis. On average, equities research analysts forecast that Mettler-Toledo International will post $17.33 earnings per share for the current fiscal year.
Several equities analysts have recently commented on MTD shares. Zacks Investment Research raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $705.00 price objective for the company in a research note on Thursday. BidaskClub raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Jefferies Group LLC reissued a “hold” rating and set a $550.00 target price on shares of Mettler-Toledo International in a research report on Thursday, July 27th. Morgan Stanley reissued an “equal weight” rating and set a $565.00 target price (up previously from $533.00) on shares of Mettler-Toledo International in a research report on Saturday, July 22nd. Finally, Wells Fargo & Company raised shares of Mettler-Toledo International from a “market perform” rating to an “outperform” rating in a research report on Wednesday, July 12th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $574.00.
In other Mettler-Toledo International news, Director Thomas P. Salice sold 890 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $611.00, for a total transaction of $543,790.00. Following the completion of the transaction, the director now owns 62,437 shares of the company’s stock, valued at $38,149,007. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christian Magloth sold 750 shares of the firm’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $590.00, for a total value of $442,500.00. Following the transaction, the insider now directly owns 750 shares of the company’s stock, valued at approximately $442,500. The disclosure for this sale can be found here. Insiders sold 27,356 shares of company stock valued at $16,150,829 in the last ninety days. 5.20% of the stock is currently owned by insiders.
Mettler-Toledo International Company Profile
Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.
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